FTA: When the price
of something is reduced, more of it is demanded. Fiat money
issued by a central bank therefore allows the government to buy
more power and influence in the overall economy. Central bank
fiat money subsidizes the national government.

Dollars are figments of the imagination, like the letters of the alphabet or linear measures like the centimeter and inch. They have value, but that value is neither increased or diminished by use. Making the measuring tool unavailable does not completely inhibit trade and exchange, but it does slow it down.

We might also think of the dollar as a certified IOU, comparable to a certificate of marriage. Marriages exist without being certified and registered, but social recognition is beneficial to the relationship. Not to mention that it is good for society to know who’s caring for whom.

The supply of money is virtually infinite, as are the words on the electronic internet. Don’t take my word for it.

The supply of fiat currency is infinite, yes, but if you print more of it each unit is worth that much less.

Why is the $100 Trillion Zimbabwe bill that I have worthless? Why is the $1 USD worth about what a penny was in 1912? Because there are so many more in circulation that the relative value has decreased.

Hannah, your argument clearly is based on the illusion that fiat currency has inherent value. It does not. And if you give it away, what you will have is only what it is worth: Nothing.

The Continental, the Greenback, the Confederate Dollar, all were printed into worthlessness. Are you really wanting to do it again?

One of the basic attributes of a currency is that it is scarce. That’s not rationing, it’s reality.

If it’s not scarce, it’s useless as money. The Continental, the Greenback, the Confederate Dollar, the Deutch Mark, Argentinian Peso, Zinbabwe Dollar, Japanese Yen, now the Federal Reserve Note, were and are being printed into oblivion.

More debt does not create more wealth. Having $20 and a handful of grapes rather than $10 and a handful of grapes is not an increase in wealth. Having to spend $3.50 for the same gallon of gasoline that used to cost 30 cents is not an increase in wealth.

You’re asking me where Austrian analysis is working. The Austrian analysis works very well, and helps explain why Iceland’s economy has recovered, while Ireland has not, and things like that.

If you meant to ask, “In what country is every single beneficial fiscal and monetary policy identified by Austrian analysis presently being used?”, then the answer to that is of course “Nowhere”, since the entire world in on inflationary fiat currency for example.

Now a question to you, Susan: Why, after decades of failure of inflationary policy, do you continue to pretend to support it?

When labor that used to be coerced has to be paid for, that’s inflation. When grain that used to be stolen, has to be purchased, that’s inflation. When natural resources that used to be granted to cronies, have to be leased, that’s inflation. Money promotes equality. Debts signal obligations. The anithesis of debt is theft. Theft is the predator’s mode; free trade and exchange are social.

Humans are designed to be social. However, they can revert to predation as a default, in cases where there’s some cognitive deficit that keeps them from caring and sharing as they ought. To a large extent, cognition is lagniappe. Organisms don’t need it to survive. It’s even possible that environmental stress shuts down cognition at the fetal stage. The human brain requires a huge amount of energy. So, when there’s not enough, it makes sense to shut that function down.

It is entirely possible that whole populations are dumb because they are impoverished; not that they are impoverished because they are dumb. Impoverishment is what the practitioners of human husbandry are about. To subordinate and exploit their own kind, humans have discovered that short rations are efficacious. Moreover, exploitation has more staying-power than extermination, in terms of providing deprivators with psychic satisfaction. Because deprivators are sadists, don’t you know?

Since we are all born with nothing, we either owe something in return for what we get, or we take it by theft. Debt or theft. It’s a simple pair that should be attractive to the binary brain.
That some people seem incapable of recognizing the obligation to reciprocate is their problem and may well be associated with an inability to recognize that behavior is sequential and not simultaneous.
If the obligation to satisfy debts were simultaneous with the receipt of benefits, it would be most unjust since, for starters, new borns aren’t capable of doing that. Which is where the importance of sequence shows up. Sequential behavior makes it possible for humans to satisfy obligations later and, indeed, by serving someone else.
African cultures, as I understand them, took this into account when they assigned the obligation to care for children to the mother’s brother, rather than her spouse, putting both consanguinity and generational obligations in play.
It may seem unfair that children incur obligations in exchange for the care they receive, whether from their parents or someone else. But, it’s how human society works and it is better than not being cared for. It also insures that the species survives, regardless of some humans being really poor parents.
Our traits evolve to ensure the survival of the species. This is obvious because every individual organism dies at some point.

Theories don’t work. People work. Threatening people with starvation, if they don’t do what they’re told, is effective. It does not, however, produce people who are creative and inventive. Never mind that being near starvation, malnourished or diabetic deprives people of the energy needed to do more than whatever keeps them alive.
However, subjugating and dominating their own kind does satisfy the lust for power lodged in the breasts of individuals who can’t actually do anything for themselves. Always has. History is replete with dolts who fancied themselves as something other than queen bees, simply because they could swing a sword and lop off the occasional head. The more civilized version merely delights in “firing people” who serve. But, the attitude is the same.
The Third World is as it is because the people are exploited by their own kind. And the U.S. is heading in that direction as fast as it can.